All Forum Posts by: Brian Dickerson

We have decent chunk of cash ready to invest in our first rental property.   In looking at deals, I see some that we could potentially pay cash for.  The benefits I see are quick closing and possibly getting a better deal because of a cash offer.  However, we'd want to get 75-80% of that money back if we bought with cash, which I understand you can do with a refi.   Is this a sound idea?  What are the possible downsides?

Well done!  That's an inspiration to everyone getting started out there, including me.  I am gonna PM you...  

After plenty of learning, my wife and I are now on our search for our first rental property investment. We live in South Florida, where its difficult to find a good cash flowing deal. We've actually found a few properties within 25 minutes of where we live that seem to have somewhat decent returns .. 9-10% CoC ROI , ~$150 net cash flow monthly. These numbers seem to go higher when we look Orlando / Tampa area (3-3.5 hours drive from us)

SO, let's say we were going to use a property management company right off the bat.  Why would you recommend staying local for our first property, or why not?

I'll take a look at the info [email protected]

I've been using the calculator a lot this week as well and pretty much agree with everything you wrote.

please email me [email protected]

Possibly interested please send me more details.